Optimal Turning Point Pattern Scanner MT5

Introduction to Optimal Turning Point
Pattern

In the history of financial trading, Optimal Turning Point Pattern Scanner is the first non repainting and non lagging indicator for Harmonic pattern, Elliott Wave pattern and new other turning point patterns. Historical patterns match with signal patterns. Hence, you can readily develop profitable strategy in your chart. More importantly, this superb pattern scanner detects the optimal pattern of its kind.

By
comparing performance of variations of each pattern, we can identify the
most optimal pattern for our trading. For example, Gartley pattern can have several
different versions in its structure. Who knows with which version of Gartley
pattern we should trade? Only way to find out is to compare each version of Gartley pattern apple to
apple. After that, we can select the most profitable pattern among the different versions. Optimal Turning
Point Pattern Scanner is designed to detect the optimal turning point patterns
to maximize your profit.

Optimal turning point patterns are the pattern optimally predicting the
market turning point and their performance must be comparable apple
to apple under one Quantitative Pattern Framework (i.e. X3 Pattern Framework). Optimal turning point patterns include optimal Harmonic Patterns,
optimal Elliott Wave Patterns, and other patterns performing equally or better than
harmonic and Elliott Wave patterns. Below is the list of optimal turning point
patterns detectable.

Interactive Stop Loss and Take Profit according to your Reward/Risk ratio

Historical Patterns

Signal Alert

Multiple Timeframe Pattern Scanning

Entry and Exit for Trading

This indicator provides three essential components to trade with turning point pattern:

pattern completion interval

potential reversal zone

potential continuation zone.

Provided stop loss and take profit levels are movable and automatically adjustable. Potential reversal zone can be used to identify the location of turning point. Potential continuation zone
can be used to predict future price move after turning point detection. It is tactical place
where you can set breakeven, or trail stop your profit or to open new entry
according to the market condition.

Secondary confirmation

Even we provide most optimal turning
point patterns with our pattern scanner. Any experienced trader will recommend using
secondary confirmation together for better
profits. Depending on your skill, you can combine various secondary confirmation technique with Optimal Turning Point Pattern Scanner.

Other technical indicators (i.e. RSI, CCI, MACD, etc)

Fundamental Analysis

Financial and Political News

Elliott Wave Analysis

You can also use following products with Optimal Turning Point Pattern Scanner:

Optimal Turning Point Pattern Scanner provides many good patterns for your trading. However, use the patterns you like most for your trading. Each pattern in the scanner can be switched on and off.

Computation of history patterns can be heavy. To improve indicator speed, you can set BarsToScan = low number like 50 or 30 if necessary. This will reduce computation for history patterns but this will not affect your live trading.

This indicator is testable in strategy tester up to 80% of its features. Please test it before purchasing.

视频

In version 8.26, the speed of scanner is twice faster than previous version 8.23. Please use version 8.26 for the maximum performance. :)

版本 8.23
2019.02.21

In Version 8.23, we have made some minor improvement. Use the latest version for the maximum performance.

版本 8.21
2019.02.20

In version 8.21, we made a minor improvements in multiple timeframe pattern scanning features.

版本 8.17
2019.02.18

In version 8.17, minor polish up in code.

版本 8.13
2019.02.18

In version 8.13, we have made some minor updates in graphics.

版本 8.11
2019.02.18

In Version 8.11, we have synchronized history patterns and signal patterns.

版本 7.91
2019.02.15

In version 7.91, we have added option to switch on and off history patterns. While you are testing the indicator in strategy tester, set "Show History Patterns" = false to process testing faster. In fact, history pattern is not important at all. They are there for reference and education purpose only. Please use signal pattern for your actual trading.

版本 7.87
2019.02.12

In version 7.87, we have modified arrow type to rather simple design for trader.

版本 7.82
2019.02.11

In version 7.82, Update frequency input for multiple timeframe pattern detection was added.